Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$205,220$205,220$503,100
Remaining term (yrs)27.027.030.0
Secondary amount$0$297,880$0
Funding fee$0$0$0
Note rate7.070%7.070%7.320%
Blended rate7.620%7.697%7.560%
1st payment$1,418.01$1,418.01$3,455.95
2nd payment$0.00$1,923.81$0.00
Taxes / mo$127.58$127.58$127.58
Insurance / mo$166.67$166.67$166.67
MI / mo$97.00$97.00$100.62
HOA / mo$0.00$0.00$0.00
Total monthly$1,809.26$3,733.06$3,850.81
Cash to close$353,780$55,900$55,900